Word: cmp
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Dates: during 1942-1942
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...contrasted with the production unbalance and "priorities inflation" that Purp and its predecessors brought about, the first great merit of CMP is that every part of a tank or gun or airplane will be assured of the same preferred position in the disbursement of scarce materials. Moreover, if changes in military strategy dictate a change in any armament program, a cutback or an increase can be applied with one fell swoop to an entire program...
...second great merit is that the CMP should enforce real programming (on a quarterly basis) all the way down from the Army, Navy et al to the lowest subcontractor, should halt hysterical overordering in advance of need induced by the old priorities systems...
Slow But Sure. But, though CMP is the new order of the day, it will take over the field gradually. First end-product to get the CMP treatment will be aircraft, first raw materials will be steel, copper and aluminum. Purp will still be used for "shelf good's" (like nuts and bolts and nails) where it has proved to be a simple and efficient means of scheduling...